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Danvers 01923
14 Spruce Street
$489,000
● House - Off Market

14 Spruce Street

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,540 Ft²
$737,389
RealtyHop Estimate
48.73%
Since Dec 1, 2018
MA-Boston
Primary Model

About This Property

JUST RENOVATED!  This spacious 3 bedroom, 2.5 bath home will certainly please. All new systems including Rinnai instant hot water, central air, siding, and new roof! Beautiful hardwood floors throughout, eat in kitchen with white cabinets, granite counters and stainless steel appliances, a large family room with access to the expanded partially covered deck, and a half bath complete the 1st level. The second level offers a master suite with master bath and his and hers closets, 2 additional bedrooms, an office, and family bath. A partially finished basement, and a 2 car detached garage complete this move in ready home.
Unit Size
1,540 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$322
Property Type
House
Property Taxes
$406
HOA Dues
-
Year Built
1930

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (MLSPIN #72412832)

Price History

Date / Event Date Event Price
Sep 10, 2021 Sold
Premium
Sold
Jul 21, 2021 Listed by EXIT Realty Beatrice Associates $599,888
Listed by EXIT Realty Beatrice Associates
Nov 30, 2018 Sold
Premium
Sold
Oct 18, 2018 Listed by EXIT Realty Beatrice Associates $495,777
Listed by EXIT Realty Beatrice Associates
Jul 9, 2018 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 750
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,001
  • Total Building Area: 2,100
  • Gross Building Area: 2,620
  • Building Area: 2,100
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,100
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Danvers School District
  • School Tax School District: DANVERS SD
  • Census Tract: 211402

Zoning

  • Zoning: R1

Geography

  • Parcel: DANV M:050 L:037 P:
  • Lot: 37
  • Municipality: DANVERS
  • Latitude: 42.5623
  • Longitude: -70.9519

    Address

  • Full Address: 14 Spruce St
  • Address - House Number: 14
  • Address - Street Name: Spruce
  • Address - Suffix Type: St
  • State: MA
  • City Name: Danvers
  • Carrier Code: C025
  • 4-Digit Zip Code: 2613
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $645,800

    Appraisal Valuation

  • Standard Deviation: 0.207
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 71
  • Final Value: 740,520
  • High Value: 894,065
  • Low Value: 586,975

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $581,300
  • Assessed Land Value: $320,600
  • Assessed Improvements Value: $260,700

    Sales

  • Current Sale Contract Date: Sep 10, 2021
  • Current Sale Recording Date: Sep 10, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210910005750
  • Previous Sale Recording Date: Nov 30, 2018
  • Previous Sale Amount: $489,000
  • Previous Sale Document Type: O
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Danvers

Stats & Trends

Median Asking:

$699,000

Sale Price/ft²

$400

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2240 ft²

Average Home Age

84.6 years

Currently For Sale

28 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72412832

Frequently Asked Questions

When was property at 14 Spruce Street built and last sold?
The property at 14 Spruce Street was built in 1930 and last sold on Sep 10, 2021 for $650,000.
How much is this home worth?
The estimated value of the home located at 14 Spruce Street is $623,818.
What are some comparable homes to 14 Spruce Street?
There are currently no comparable homes to 14 Spruce Street.
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